A Great For Financial Analytics, Planning, Forecasting and Budgeting
November 14, 2021

A Great For Financial Analytics, Planning, Forecasting and Budgeting

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with IBM Planning Analytics with Watson

We have IBM Planning Analytics with Watson deployed in our finance and accounting department and this is where I work. We mainly use this software for our company budgeting and planning needs. The software is also great when it comes to forecasting, analytics, and financial reporting. With this software and by taking advantage of financial reporting and analytics features, we are able to make sound business decisions.
  • The software makes planning and budgeting easy
  • I like that IBM Planning Analytics with Watson offers multiple features that makes handling different aspects of finance and accounting easy
  • The software offers some automation features making budgeting and planning easy
  • Creating or generating professional financial reports is easy with IBM Planning Analytics with Watson.
  • IBM Planning Analytics with Watson is not easy to use and one needs prior knowledge or a lot of training
  • One needs to have some programming knowledge to benefit from this product
  • With IBM Planning Analytics with Watson, we are now better at planning and forecasting. Most importantly budgeting is easy.
  • The situation modeling makes it easy for our business to know what would happen if something happens and thus helps us be prepared for any eventualities including making losses.
Scenario planning makes it easy for the business to remain vigilant and prepared in case of the unseen. In case something happens, we know what to do because we already have a plan.
Compared to many others tools, is better in that it offers many features and is, therefore, more capable. However, it is not the cheapest option.

Do you think IBM Planning Analytics delivers good value for the price?

Yes

Are you happy with IBM Planning Analytics's feature set?

Yes

Did IBM Planning Analytics live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of IBM Planning Analytics go as expected?

I wasn't involved with the implementation phase

Would you buy IBM Planning Analytics again?

Yes

The support is amazing. I have contacted them severally and they are very helpful.
IBM Planning Analytics is not easy to use. It requires some training and comes background in coding to fully exploit the potential of this tool. But overall, it offers great features that are very helpful.
When it comes to financial planning, budgeting, forecasting, and reporting, there is no better tool than IBM Planning Analytics with Watson. The software offers great features and most businesses will benefit from its capabilities.

IBM Planning Analytics Feature Ratings

Long-term financial planning
9
Financial budgeting
9
Forecasting
9
Scenario modeling
10
Management reporting
9
Financial data consolidation
9
Journal entries and reports
9
Multi-currency management
10
Intercompany Eliminations
9
Minority Ownership
9
Local and consolidated reporting
9
Detailed Audit Trails
10
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
10
Automated board and financial reporting
9
XBRL support for regulatory filing
9
Personalized dashboards
10
Color-coded scorecards
9
KPIs
9
Cost and profitability analysis
9
Key Performance Indicator setting
9
Benchmarking with external data
9
Flat file integration
9
Excel data integration
9
Direct links to 3rd-party data sources
9
Pixel Perfect reports
9
Customizable dashboards
9
Report Formatting Templates
9
Drill-down analysis
10
Formatting capabilities
9
Integration with R or other statistical packages
9
Report sharing and collaboration
9
Publish to Web
9
Publish to PDF
10
Report Versioning
9
Report Delivery Scheduling
9
Pre-built visualization formats (heatmaps, scatter plots etc.)
9
Location Analytics / Geographic Visualization
9
Predictive Analytics
10
Multi-User Support (named login)
9
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
9
Single Sign-On (SSO)
9
Responsive Design for Web Access
9
Mobile Application
9
Dashboard / Report / Visualization Interactivity on Mobile
9